NOTE 04
FINANCIAL ASSETS AND FINANCIAL LIABILITIES
(a) Cash and cash equivalents
Consolidated
2015
$’000
2014
$’000
Current assets
Cash at bank and in hand
27,123
26,718
Funds on deposit
292,814
64,566
319,937
91,284
Cash at bank earns interest at floating rates based on daily bank deposit rates. The “funds on
deposit” at balance date reflects funds available to the Group that have been placed on deposit with
major Australian banking institutions over various periods not exceeding 180 days consistent with the
Group’s Treasury Policy. The carrying amount of cash and cash equivalents equates to the fair value.
The Group’s exposure to interest rate, credit risk and rates earned for the above is set out in note 10.
(b) Trade and other receivables
Consolidated
2015
$’000
2014
$’000
Trade receivables
35,883
52,632
Other receivables
24,007
27,366
Provision for doubtful receivables
(24)
(64)
59,866
79,934
Other receivables include an accrual for the year to date under recovery of constrained network coal
revenue as a result of the actual tonnage throughput being below the budgeted volumes on which
the prices are set. Constrained network coal revenue is a product of a regulatory return mechanism
which includes a recovery of maintenance activity, overheads, depreciation and a rate of return in
relation to capital improvements.
Information on credit risk, impairment and fair value of trade and other receivables can be found in
note 10.
(c) Trade and other payables
Consolidated
2015
$’000
2014
$’000
Current liabilities
Trade payables
85,993
82,065
Other payables
2,969
54
88,962
82,119
Information about the Group’s exposure to financial risk is set out in note 10.
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